21 Nov 2013
USD/JPY denied at 101.10 resistance
FXstreet.com (London) - USD/JPY has been testing the 101 level, trading at the highest level’s since July 10. But 101.00 hasn’t been so welcoming so far.
USD/JPY has made it to a high of 101.12 but that’s all the pair has been able to manage at this time, rejected to back below the figure. Meanwhile, US Initial Jobless Claims improved from 323k vs the 335k consensus. PPI came in line at 0.3% while PPI ex food and energy year on year was up slightly vs consensus at 1.4% vs 1.3%. The Philly Fed was poor at 6.5 vs15 consensus but Manufacturing picked up at 54.3 vs 51 previous. The BoJ monthly survey is coming up tonight before a quiet looking close to the week.
USD/JPY Levels
The 20 DMA is 98.87, the 50 DMA is 98.51 ad the 200 DMA is 98.00. RSI (14) reads 71.38. Supports are ascending from 99.55, 99.77, 99.89, 100.26 and 100.40. Spot is currently 100.94 while resistances are 101.05, 101.30 and 101.54.
USD/JPY has made it to a high of 101.12 but that’s all the pair has been able to manage at this time, rejected to back below the figure. Meanwhile, US Initial Jobless Claims improved from 323k vs the 335k consensus. PPI came in line at 0.3% while PPI ex food and energy year on year was up slightly vs consensus at 1.4% vs 1.3%. The Philly Fed was poor at 6.5 vs15 consensus but Manufacturing picked up at 54.3 vs 51 previous. The BoJ monthly survey is coming up tonight before a quiet looking close to the week.
USD/JPY Levels
The 20 DMA is 98.87, the 50 DMA is 98.51 ad the 200 DMA is 98.00. RSI (14) reads 71.38. Supports are ascending from 99.55, 99.77, 99.89, 100.26 and 100.40. Spot is currently 100.94 while resistances are 101.05, 101.30 and 101.54.